It’s not enough for me to pan the market, day in and day out. I must do more, in a way that cannot fucktard myself into murderholes, a la 135% “Venus Fly Trap” trading. I’ve been buying TLT rather aggressively, as it is the least aggressive way to bet against equities. One way of another, through hook or crook, yields will fall. My good pal Scott Bleier likes to say “we are Japan.” I could not agree more.
See folks, it’s time to do “The Hugh Hendry” again and piss on all of those who own TBT. Do it with vigor and tenacity. As for me, well, I’m just an olde fashioned type of guy, who opts out of chasing rallies, fueled by fucktarded money managers (Tepper). I couldn’t care less about his performance data, especially since my own data is better. In other words, Tepper can fuck a horse after a divorce, as far as I am concerned.
Vortex trading dictates or mandates the following:
Bullish on bonds
Bullish on the dollar
Bearish on Commodities (ex Gold)
Bearish on Equities
I could go on; but that pretty much sums it up. In the past, gold went lower when deflationary scares hit the market. However, the nature of gold has morphed. It is now acting like a reserve currency. With that type of status, it’s very hard to be a gold bear, for any significant length of time.
So far, breadth is poor, especially in CRE. Also, certain banks are trading like asshats, especially MTG and MFG. I like the pin action is some heavily shorted names, like ATPG. But, for the most part, I am uber bearish on this market. This market distresses me. I am taking measures to bring it down.
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Our landing won’t be nearly as soft as Japan’s.
+1
In the past, gold went lower when deflationary scares hit the market.
Except for real ones, like the last Great Depression. Never underestimate the capacity for bad gummint to flock up a market.
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Wasn’t the price of gold fixed then?
However, silver got crashed during that time!!!
The POG was fixed upward — but I am speaking of the miners. Homestake Mining was the Apple Computers (BIDU?) of 30’s.
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First time in a long while I am actually proud to be a shareholder of ATPG. I am beginning to believe the light at the end of the tunnel is not a freight train.
At the next shareholders’ meeting I am going to propose an IBC logo be painted on the Titan helideck.
Out of ATPG, through I have a history of exiting early, I think ill be able to rebuy lower.
I’ve got shares from the 8’s – 20 (pre BP fuck up) and all points in between. Today is a nice start, but this is a long-term (and very frustrating) ride.
Jake
But gold was day traded by fdr back then.
Treu. Socialist fugger.
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Lemme axe youse an irritant. What impending market impact can you see in response to Pelosi’s notion of a tax on ALL financial transactions.
a bears wet dream,thats what i’d call it. hey,and their might be a hidden prayer that china just may push in the direction of gold being theee reserve currency. after all,what country doesnt owe them money
What better proof do you need to show she’s an absolute, no-nothing nutter?
I find all politicians tend to do stupid things, in general, but only the hard-left crazies try to cement them into law.
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Clusterstock: “Cazenove Strategist Says It’s The Plunge Protection Team Driving The U.S. Equity Markets”.
Ha! I thought the PPT was bearish.
Pain
Pimp
Love your conviction and staying power.
So, a tax cut is government spending. Letting people keep their own money is a form of spending by the government. According to that old guy demo congressman, said very forcefully, extending the tax cuts would be spending by the gubbermint. It all belongs to big brother even before you get it!
It does in this crew’s mind. Which is why they need to be selling apples on the street corner, and soon.
PS — What is in that avatar?
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That’s a geoduck (gooeyduck). It’s some ridiculously phallic-shaped food.
Ahhh! a clam! — now it makes all the sense in the world, given Monsier Le Docteur’s latest disparagement of the leeches.
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looks like striper bait, aka clam belly
I thought it was VKINGS shmeckle after the weekend
Shmeckle?
Did you just out yourself as the true identity of ‘steve the neighbor’?
And I always thought it was the alter ego of V.King or maybe Fly himself.
Good to know.
Like lemmings off a cliff?
Like the owner of the Segway Company that just died taking his Segway off a cliff into a river?
http://www.dailymail.co.uk/news/article-1315518/Segway-owner-Jimi-Heselden-dies-riding-machines-cliff.html
i never trusted those things.
LOL. Well, especially not the off-road version.
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holy fuckbags batman!!! how the fuck did this happen? was he strapped into the thing, I mean he was only 4 inches off the ground and doing no more than 10 miles an hour and surely one can see a cliff at least minimum 10 feet before getting to it and the difficulty of just saying “I better step off this thing, like about right now…. no… I think I can fly, I’ll just stay on it”.
I’ll bet he was texting… tic, tic, tic, tic, slide, tic, tic, AARRRHHHHHH!
Risk ON, risk OFF.
Right now it’s risk ON
Informative article:
http://www.zerohedge.com/article/hailing-all-correlation-freaks-ubs-john-clemmow-provides-surprising-explanation-surging-corr
Pretty much every bit of news out of middle east, this weekend, is supportive of UUP. Instability around Israel and Iran is very dollar bullish, historically.
I have a hunch/guess that Israel may have at least something to do with the “worm” found in the computers running the Iranian reactor. They would be the default “wrench in the works”.
I have a hunch/guess it was the twin albino “ghosts” from the “Matrix Reloaded”
I bet it was Monica Belucci!
Bellisima!
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DOW 36, 0000
What’s a BullishBear?
Does he demand fish from other Bears or imply a beatdown?
38,820…
Which one 36 or 0000?
you know, the PPT has performed pretty well over this period if you followed it tops and bottoms.
what’s for lunch?
I am going with a gourmet grilled cheese sandwich.
Medium cut sliced raisin bread with thinly sliced caramelized sweet onions, thinly sliced beefsteak tomato with a couple of slices of cheddar and baby swiss cheese. I may add a slice or two of maple bacon.
The after the market closes on to my 3- 4 mile walk to lose it.
mmm
make 2 of these, I want one also.
smoked butt on rye,w/hot horseradish……..
How about some MOS short?
http://2.bp.blogspot.com/_Q4Bil63kzOU/TKC-NoLRHNI/AAAAAAAAAE8/jfvRG73bKVE/s1600/mos.png
Or BIDU
http://4.bp.blogspot.com/_Q4Bil63kzOU/TKCwVTg0gAI/AAAAAAAAAE0/UljB00VO0LE/s1600/bidu.png
I am expecting a few days correction here.
Dr. Fly,
with TLT moving higher, main indexes are pretty flat.
What is your take on this?
We can’t get our move down until AAPL gives it up, the people’s stock always seems to hang in until the bitter end, should have rolled at 278.00…just hope floating it…like this rally.
Beep, Beep, Beeeeeeeeeep….No pulse in this monday lunch
Never sell a dull market short.
How come everybody is bullish except Fly? Fly maybe you should reconsider your position?
Something is definitely wrong here….
aapl pcln bidu goog amzn
Either up small, up huge or flat. No other option..
This is getting stupid.
Fly it’s got to be getting difficult hanging on to short positions!
Almost every asshole analyst being interviewed is predicting huge advances in the stock market!
It’s hard staying short against so many longs!
No?